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Shanghai rubber settles 1.74pct higher on Thu.
2013-11-29 0:00:00Font Size：Big Medium Small
Shanghai rubber
Rubber futures traded on the Shanghai Futures Exchange (SHFE) extended upside momentum on Thursday (November 28, 2013) tracking gains in the local equity market.
The most actively traded contract for May 2014 delivery ended at 19,265 yuan/metric ton, up 330 yuan or 1.74% from the previous settlement.
Analysts with China Creator tipped short-term resistance of Shanghai rubber at 19,300 yuan per tonne, noting that externalities of commodity remain fragile and a bearish run might continue.
(Edited by Olivia, olivia@tireworld.com.cn)
Tireworld
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